Renew (LON:RNWH) Sets New 52-Week High – Time to Buy?

Renew Holdings plc (LON:RNWH) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 979 and last traded at GBX 959.56, with a volume of 2272 shares. The stock had previously closed at GBX 961.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,220 price objective on shares of Renew in a report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 1,172.50.

Renew Stock Down 0.3%

The company’s 50-day moving average price is GBX 907.99 and its 200 day moving average price is GBX 903.04. The company has a debt-to-equity ratio of 12.90, a quick ratio of 0.81 and a current ratio of 0.91. The stock has a market cap of £758.39 million, a PE ratio of 17.95 and a beta of 0.77.

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